Fisher Funds Management LTD Purchases Shares of 65,258 DuPont de Nemours, Inc. (NYSE:DD)

Fisher Funds Management LTD bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 65,258 shares of the basic materials company's stock, valued at approximately $4,962,000.

A number of other large investors have also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter worth about $29,000. Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter worth about $33,000. R Squared Ltd bought a new position in shares of DuPont de Nemours during the 4th quarter worth about $37,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter worth about $38,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DD has been the topic of several research reports. Citigroup boosted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. UBS Group boosted their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a report on Tuesday. Barclays upgraded shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.17.

DuPont de Nemours Stock Down 0.5 %

Shares of DD stock traded down $0.42 during trading hours on Wednesday, hitting $81.46. 1,407,355 shares of the company were exchanged, compared to its average volume of 2,503,174. The company has a market capitalization of $34.05 billion, a PE ratio of 48.78, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $68.21 and a 52 week high of $90.06. The business has a 50 day moving average of $77.83 and a two-hundred day moving average of $81.30. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.41 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is 91.02%.

About DuPont de Nemours

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.